Palantir Technologies (PLTR) to Release Quarterly Earnings on Monday

Palantir Technologies (NYSE:PLTR) is set to release its earnings data after the market closes on Monday, May 6th. Analysts expect Palantir Technologies to post earnings of $0.08 per share for the quarter. Palantir Technologies has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The firm had revenue of $608.35 million during the quarter, compared to analyst estimates of $603.48 million. On average, analysts expect Palantir Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $23.33 on Friday. The stock has a market capitalization of $51.62 billion, a P/E ratio of 259.25, a PEG ratio of 5.42 and a beta of 2.76. The business has a 50 day simple moving average of $23.36 and a two-hundred day simple moving average of $20.17. Palantir Technologies has a 12 month low of $7.28 and a 12 month high of $27.50.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PLTR shares. Royal Bank of Canada reissued an “underperform” rating and issued a $5.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 6th. Wedbush reiterated an “outperform” rating and issued a $35.00 price objective (up from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. Raymond James raised their target price on Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Jefferies Financial Group raised Palantir Technologies from an “underperform” rating to a “hold” rating and upped their price target for the company from $13.00 to $22.00 in a research note on Tuesday, February 6th. Finally, Mizuho raised their price objective on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average target price of $18.35.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 120,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total value of $2,640,000.00. Following the completion of the sale, the insider now directly owns 181,460 shares of the company’s stock, valued at $3,992,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Palantir Technologies news, insider Ryan D. Taylor sold 120,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the completion of the transaction, the insider now owns 181,460 shares in the company, valued at approximately $3,992,120. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shyam Sankar sold 29,168 shares of Palantir Technologies stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.00, for a total transaction of $729,200.00. Following the completion of the sale, the insider now directly owns 752,786 shares in the company, valued at approximately $18,819,650. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,476,273 shares of company stock worth $184,783,602. Insiders own 13.96% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.